Till now many bought time and tried to dodge the tax office by denying ownership or links with any overseas assets with false submissions, often made in letterheads of their chartered accountants and lawyers. Later, if tax officials called their bluff, such plain submissions gave them the leeway to escape harsh consequences.
The Multi-Agency Group, which has been set up by the government to monitor investigations into the Pandora Papers case, has started cracking down on the wealthy Indians named in the investigative report.
IRS officer from Kodagu in Foreign Asset Investigation Unit starofmysore.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from starofmysore.com Daily Mail and Mail on Sunday newspapers.